United Parcel Service, Inc. (NYSE:UPS) Stake Boosted by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC grew its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 8.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 4,420 shares of the transportation company’s stock after acquiring an additional 359 shares during the period. Chicago Partners Investment Group LLC’s holdings in United Parcel Service were worth $581,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. TruNorth Capital Management LLC acquired a new stake in shares of United Parcel Service in the 2nd quarter valued at $28,000. Riverview Trust Co acquired a new stake in shares of United Parcel Service in the 2nd quarter valued at $32,000. Centerpoint Advisors LLC lifted its stake in shares of United Parcel Service by 291.7% in the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 175 shares during the last quarter. Tortoise Investment Management LLC lifted its stake in shares of United Parcel Service by 168.5% in the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 155 shares during the last quarter. Finally, PSI Advisors LLC lifted its stake in shares of United Parcel Service by 408.2% in the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Performance

NYSE UPS opened at $133.00 on Tuesday. The stock has a market cap of $113.92 billion, a P/E ratio of 20.09, a PEG ratio of 2.21 and a beta of 0.99. The company’s 50-day simple moving average is $131.58 and its 200 day simple moving average is $135.46. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82. The company has a quick ratio of 1.25, a current ratio of 1.14 and a debt-to-equity ratio of 1.20.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The business had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.57 earnings per share. As a group, research analysts forecast that United Parcel Service, Inc. will post 7.47 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were paid a $1.63 dividend. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 4.90%. United Parcel Service’s payout ratio is currently 98.49%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on UPS shares. Barclays reaffirmed an “underweight” rating and issued a $120.00 price objective on shares of United Parcel Service in a research note on Monday, October 21st. JPMorgan Chase & Co. cut their target price on shares of United Parcel Service from $140.00 to $139.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Wells Fargo & Company boosted their target price on shares of United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Bank of America boosted their target price on shares of United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Finally, Susquehanna boosted their target price on shares of United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $151.71.

About United Parcel Service

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.